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We develop a general equilibrium model of international trade with heterogeneous firms, where countries can invest into basic research to improve their technological potential. These research investments tighten firm selection and raise the average productivity of firms in the market, thereby...
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We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the …
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the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
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rates. Using the World Input-Output Database (WIOD) we employ the proposed indicators to shed new light on changes in cost …
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